Historic Religious Facility with
For Sale
$750,000
4408 Albany Post Rd, Hyde Park, NY 12538
200-year-old religious facility with retail/office building for sale.
Property Size2,376 SF
Lot Size1.98 Acres
Price / SF$315.66
Days on Market195
Property Features for 4408 Albany Post Rd
General Information
Standard status
Active
Size
2,376 SF
Lot size
1.98 Acres
Listing Agency:
KW MidHudson
(845) 242-4381
Listed By:
Don Minichino · License #10401333542
(845) 242-4381
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 1:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW MidHudson
Investment Insights
Based on property information with market context.
This 200-year-old religious facility is available for the first time. The site includes three connected buildings: Fellowship Hall, built in 1824 with seating for 200 and a functional historic organ; a three-story Rectory built in the late 1800s; and a Cafeteria built in the mid-1900s, featuring a full kitchen with an Ansul hood system and ranges. The buildings are heated by an oil furnace and cooled with a combination of window and wall units. Upgrades have been made over the years to the roof siding, furnace, paint, and flooring. The sale also includes 4400 Albany Post Road, an updated single-story 2,376 square foot retail/office building currently leased on flexible terms, and a historic cemetery split between the two parcels. Heating is provided by oil above ground.
Key Highlights
- Historic 200‑year‑old religious facility offered for sale for the first time.
- Includes three connected buildings: Fellowship Hall (seats 200, historic organ), Rectory (3 stories), and Cafeteria (full kitchen with Ansul hood system).
- Sale includes a separate updated 2,376 SF retail/office building currently leased.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,029
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$760,580
$760.6K
Cap Rate 7%
$543,271
$543.3K
Cap Rate 9%
$422,544
$422.5K
Market Conditions
NOI Build-Up for 2,376 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$65.0K $27.36/SF
− Vacancy
−$14.3K −$6.02/SF
EGI
$50.7K $21.34/SF
− OpEx
−$12.7K −$5.34/SF
NOI
$38.0K $16.01/SF
Area
Dutchess County, NY
Vacancy
22.00%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$760,580
Cap Rate 7%
$543,271
Cap Rate 9%
$422,544
Alternative Uses
Best Use
Office B
$543.3K
$475.4K – $633.8K
NOI $38,029 @ 7.0% cap · market cap 5.07%
Second Best
Retail
$434.3K
$380.0K – $506.7K
NOI $30,401 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$715.2K
$625.8K – $834.4K
NOI $50,065 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 12538, NY
14,181
Population
5,609
Households
2.5
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
25.5 sq mi
ZIP Area
556
Density / Sq Mi
$86,641
Median Household Income
$44,926
Median Earnings
$1,190
Median Rent
$287,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - 200-year-old religious facility with retail/office building for sale.
Where is this church & religious facility located?
The property is located at 4408 Albany Post Rd Hyde Park, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Historic 200‑year‑old religious facility offered for sale for the first time.; Includes three connected buildings: Fellowship Hall (seats 200, historic organ), Rectory (3 stories), and Cafeteria (full kitchen with Ansul hood system).; Sale includes a separate updated 2,376 SF retail/office building currently leased.
